MA Angle is a free mt4 (Metatrader 4) indicator that follows the shorter-term trend and it delivers winning signals for scalpers and day traders alike.
The indicator oscillates above and below the 0.00 neutral level in a separate MT4 chart window.
Buy & Sell Trade Example
- Initiate a buy trade as soon as the yellow line crosses back above the 0.00 level.
- Initiate a sell trade as soon as the yellow line crosses back below the 0.00 level.
- Reverse the open trade whenever an opposite signal arrow appears on the chart.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “ma angle.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the MA Angle mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the MA Angle Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
MA Angle & DDFX Major Trend MT4 Intraday Strategy
This intraday forex strategy combines the MA Angle Forex Indicator and the DDFX Major Trend Indicator to capture short-term trend movements.
The MA Angle indicator signals a buy when the yellow line is above the zero level and a sell when below.
The DDFX Major Trend Indicator confirms the trend with a blue histogram for bullish momentum and a red histogram for bearish momentum.
This strategy works well on 5-minute and 15-minute charts for major currency pairs like EUR/USD, GBP/USD, and USD/JPY.
Buy Entry Rules
- Ensure the DDFX Major Trend histogram is blue, indicating a bullish trend.
- Wait for the MA Angle yellow line to move above the zero level.
- Enter a buy trade at the opening of the next candle after confirmation.
- Place a stop loss below the most recent swing low.
- Set a take profit target of 10–20 pips, depending on intraday volatility.
- Close the trade immediately if the MA Angle line moves below zero or the DDFX histogram turns red.
Sell Entry Rules
- Ensure the DDFX Major Trend histogram is red, indicating a bearish trend.
- Wait for the MA Angle yellow line to move below the zero level.
- Enter a sell trade at the opening of the next candle after confirmation.
- Place a stop loss above the most recent swing high.
- Set a take profit target of 10–20 pips, depending on intraday volatility.
- Close the trade immediately if the MA Angle line moves above zero or the DDFX histogram turns blue.
Advantages
- Combines trend confirmation and momentum for higher probability trades.
- Clear visual signals make entry and exit decisions easy.
- Works effectively on 5-minute and 15-minute intraday charts.
- Applicable to multiple major currency pairs.
- Helps capture short-term intraday price swings efficiently.
Drawbacks
- Requires monitoring during the trading session for optimal entries.
- False signals can occur in sideways or low-volatility markets.
- Take profit targets may not always be reached in flat market conditions.
Example Case Studies
Case Study 1: EUR/USD 5-Minute Chart
The DDFX histogram was blue, confirming a bullish trend. The MA Angle yellow line moved above zero.
A buy trade was entered at the next candle with a stop loss below the recent swing low and a take profit set at 15 pips.
The trade reached the target, and the position was closed when the yellow line dropped below zero.
Case Study 2: GBP/USD 15-Minute Chart
The DDFX histogram was red, confirming a bearish trend.
The MA Angle yellow line moved below zero.
A sell trade was entered at the next candle with a stop loss above the recent swing high and take profit set at 20 pips.
The trade reached the target, and the position was closed when the histogram turned blue.
Strategy Tips
- Use during high liquidity sessions for tighter spreads and better execution.
- Adjust lot sizes according to account balance and risk tolerance.
- Exit trades immediately if the MA Angle or DDFX histogram changes direction to protect profits.
- Focus on active major currency pairs like EUR/USD, GBP/USD, and USD/JPY.
- Test on a demo account first to familiarize yourself with signal timing.
